The Biden administration has created a contrived energy crisis that has been costly to the United States both financially and has harmed the country’s national security interests.
One of Biden’s first moves as President was to revoke permits for the Keystone XL Pipeline, effectively stalling the project that has already seen billions of dollars of investment.
While the Biden administration has rarely publicly defended the move, Congress mandated that they release a report detailing the effects of halting the pipeline.
A report compiled by the Department of Energy (DOE) found that the cancellation of the Keystone Pipeline cost anywhere from 16,000 to 59,000 jobs and between $3.4-9.6 billion.
While the report mostly flew under the radar, some Republican lawmakers who’s states and districts were affected by the job and revenue loss criticized the Biden administration.
One Senator said that the move was the “first step” in Biden’s “war on oil and gas production”.
FOX News Reports–
The Biden administration published a congressionally mandated report highlighting the positive economic benefits the Keystone XL Pipeline would have had if President Biden didn’t revoke its federal permits.
The report, which the Department of Energy (DOE) completed in late December without any public announcement, says the Keystone XL project would have created between 16,149 and 59,000 jobs and would have had a positive economic impact of between $3.4-9.6 billion, citing various studies. A previous report from the federal government published in 2014 determined 3,900 direct jobs and 21,050 total jobs would be created during construction which was expected to take two years.
But immediately after taking office in January 2021, Biden canceled the pipeline’s permits, effectively shutting the project down.
“The Biden administration finally owned up to what we have known all along — killing the Keystone XL Pipeline cost good-paying jobs, hurt Montana’s economy and was the first step in the Biden administration’s war on oil and gas production in the United States,” Sen. Steve Daines. R-Mont., said Thursday in a statement.